CORPORATE COMPLIANCE SERVICES

LIQUIDATION

Introduction

Our Company Liquidations & Winding Up Service in the UAE provides a comprehensive and methodical approach to the dissolution of businesses, ensuring adherence to the UAE’s specific legal framework. Tailored to facilitate the orderly closure of companies, this service guarantees that all legal, financial, and regulatory obligations are meticulously addressed, aligning with the UAE Federal Law No. 2 of 2015 on Commercial Companies and subsequent amendments.

Company Liquidation Services

Strategic Dissolution Planning: The service initiates with a strategic planning phase, carefully considering your company’s unique circumstances to devise a liquidation or winding-up strategy that meets UAE legal requirements. This planning is crucial for navigating the dissolution process efficiently and in compliance with local laws.
Financial Assessment and Asset Liquidation: A thorough financial assessment is conducted to accurately identify and manage the company’s assets and liabilities. Our expertise ensures that asset liquidation is handled effectively, maximizing returns for creditors and shareholders within the legal bounds of the UAE, and ensuring that all financial obligations are resolved.
Adherence to UAE Legal Compliance: We navigate the complex legal landscape of company liquidation in the UAE, managing all necessary documentation, deregistration processes, and compliance with the UAE Federal Law No. 2 of 2015. Our team ensures that your dissolution adheres to all legal standards, avoiding
potential legal complications.
Transparent Stakeholder Communication: Our service includes managing communication with all stakeholders, including creditors, shareholders, and regulatory bodies. This ensures transparency
throughout the dissolution process, safeguarding your company’s reputation and facilitating a smoother
transition during liquidation.
Completion of Legal Formalities: The winding-up process culminates in the final settlement of the company’s affairs, including the deregistration from the UAE Commercial Register. We oversee this process, ensuring that all legal and procedural requirements are fulfilled, marking a compliant closure of the company.
Legal Implications of Non-Compliance: Neglecting to properly liquidate a company in alignment with UAE legislation carries substantial legal and financial repercussions. Deviations from the mandated liquidation protocols can lead to fines, ongoing obligations for company directors, and the possibility of legal challenges from creditors or regulatory bodies. Consequently, it’s crucial to collaborate with a service that guarantees a thorough and legally sound liquidation procedure.

Important Service Advisory:

In the course of preparing submissions, it may come to light that further services or documents, not initially recognised, are essential for achieving comprehensive compliance. Such discoveries might indicate areas of non-compliance that necessitate additional services or documentation, not covered by our initial offering.

Any penalties from the registry or other governmental departments outstanding at the time of liquidation will need to be settled prior to completing the winding-up process. Since these penalties are subject to change and are time-sensitive, they are not included in our initial winding-up quote and will be billed separately by the relevant authority.

The information provided does not constitute a direct or implied recommendation or endorsement of any strategy, decision, or action. Clients are encouraged to consult with the tax, legal, or professional advisors to determine the applicability of the information to their specific circumstances. Europe Emirates Group expressly disclaims any liability for errors or omissions in this information or for any loss or damage suffered by any person as a result of reliance on the information provided. Use of and reliance on the information is at the user’s own risk.